State authorities challenge ownership of a business by the current owners. These risks are especially relevant for industrial companies founded before 1990 that underwent the privatisation procedure, as there is virtually no time limit for “detection” by the state of violations of the law and defence only through an objective limitation period objection may not be enough.
The Industry Practice conducts a full audit of compliance with the Russian legislation during privatisation of industrial sector enterprises. BGP Litigation lawyers study archival documents of the enterprise, the State Archive of the Russian Federation or the archive of the relevant region of the Russian Federation. Experts of the practice prepare a report on the chronology of the privatisation of a particular enterprise with a description of the procedure for decision-making on privatisation and the identified risks of current business owners.
Our unique experience with big trustees and state authorities allows us to perform a qualitative audit and formulate the risks of vindication of shares of a particular enterprise.
Our lawyers fill in the documentation missing in the corporate departments of the enterprise on the privatisation decision-making procedure. Such in-depth verification is also relevant for an enterprise offered for sale, since privatisation risks could today be a reason for the transaction to be rejected.
The Industry Practice conducts a full audit of compliance with the Russian legislation during privatisation of industrial sector enterprises. BGP Litigation lawyers study archival documents of the enterprise, the State Archive of the Russian Federation or the archive of the relevant region of the Russian Federation. Experts of the practice prepare a report on the chronology of the privatisation of a particular enterprise with a description of the procedure for decision-making on privatisation and the identified risks of current business owners.
Our unique experience with big trustees and state authorities allows us to perform a qualitative audit and formulate the risks of vindication of shares of a particular enterprise.
Our lawyers fill in the documentation missing in the corporate departments of the enterprise on the privatisation decision-making procedure. Such in-depth verification is also relevant for an enterprise offered for sale, since privatisation risks could today be a reason for the transaction to be rejected.